215 South Pacific Avenue

Ventura, CA 93001

$1,049,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Offers due by noon on Thursday, May 2. Tremendous value add potential for an investor or contractor that is ready to put in the work. 3 standalone 1-story cottages on 7,500 SF R3-5 zoned lot including an occupied 2BD/1BA main residence, a vacant 2BD/1BA unit in fixer condition, a vacant studio with permits for remodel and a 3-car garage that has plans in place for an ADU conversion that would open up a fourth stream of rental income. The parcel spans from Pacific Ave to Hurst Ave offering potential...Offers due by noon on Thursday, May 2. Tremendous value add potential for an investor or contractor that is ready to put in the work. 3 standalone 1-story cottages on 7,500 SF R3-5 zoned lot including an occupied 2BD/1BA main residence, a vacant 2BD/1BA unit in fixer condition, a vacant studio with permits for remodel and a 3-car garage that has plans in place for an ADU conversion that would open up a fourth stream of rental income. The parcel spans from Pacific Ave to Hurst Ave offering potential for lot split. Located in midtown Ventura this property offers residents easy access to dining and shopping, parks, hiking trails, schools, 2 local hospitals plus boating and other ocean related recreation opportunities. With completed ADU unit and property full stabilized potential monthly rents over $10k/MO. The current price reflects the work and upside that can be achieved at this property. The combination of approved plans and vacant units allow for an excellent value add opportunity in a highly sought after neighborhood that will see long term appreciation. Cash offers only, 2 vacant units in need of signicant repairs.
  1. Listed by Nicholas Henry • DRE #01748131 • Beachside Partners
  2. Listed by Jason Liehr • DRE #02152826 • Beachside Partners

Property Details for 215 South Pacific Avenue

Architectural Style
Cottage
Subdivision Name
Ventura: Other
Garage Spaces
3.00
View
None

Location

Listing Courtesy of Beachside Partners, Nicholas Henry, DRE #01748131; Beachside Partners, Jason Liehr, DRE #02152826
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LISTING UPDATED: 04/30/2024 11:32 PM

Property Details for 215 South Pacific Avenue

StatusActive
MLS #V1-23164
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.17 AC / 7,500 SF
CountyVentura County

Location

Listing Courtesy of Beachside Partners, Nicholas Henry, DRE #01748131; Beachside Partners, Jason Liehr, DRE #02152826
Add your commute

Building Information for 215 South Pacific Avenue

Stories-Residences-Year Built1940Building Size-Lot Size0.17 AC / 7,500 SF

Payment Calculator

$6,687 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,725

Property Taxes

$962

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 215 South Pacific Avenue

Summary
Location and General Information
  • Community Features: Biking
  • City: Ventura
  • Country: US
  • Directions: Triplex located on Pacific Ave between Thompson St and Main St.
  • Area: VC24 - Ventura-Calif-Mills
  • Unparsed Address: 215 South Pacific Avenue, Ventura, CA 93001
Parking
  • Parking Features: Garage - Single Door
Taxes and HOA Information
  • Association Fee: $.00
  • Tax Other Annual Assessment Amount: $.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Sprinklers None
  • Lot Size Acres: .17
  • Lot Size Square Feet: 7,500.00
  • Lot Size Area: 7,500.00
  • Lot Size Units: Square Feet
  • Parcel Number: 0730213060
  • Zoning: R-3
  • Property Type: Residential Income
Property and Assessments
  • Common Walls: Detached/No Common Walls
  • Documents Count: 0
  • Property Attached: No
  • Year Built Source: Public Records
  • Senior Community: No
Utilities
  • Cooling: None
  • Cooling: No
  • Water Sewer Expense: $.00
Interior and Exterior Features
Exterior Features
  • Fencing: Wire
  • Pool Features: None
  • Pool Private: No
  • Pool: No
  • Spa Features: None
  • Spa: No
Interior Features
  • Appliances: None
  • Total Bathrooms: 0
  • Fireplace Features: None
  • Fireplace: No
  • Heating: Wall Furnace
  • Heating: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • View: No
  • Levels: One
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $21,300.00
  • Net Operating Income: $.00
  • Insurance Expense: $.00
  • Number Of Buildings: 4
  • Operating Expense: $.00
  • Special Listing Conditions: Standard
  • Trash Expense: $.00
Rental
Rental Information
  • Rent Control: No

Property History for 215 South Pacific Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 215 South Pacific Avenue

Taxable ValueLand$729,300Additions$311,100Total$1,040,400
Tax Record2023$11,541 ($962 / month)
Home Facts
Total Finished SqFt1,977 SqFtAbove Grade Finished SqFt1,977 SqFtLot Size7,500 SqFtStyleTriplexYear Built1940ZoningR3-5CountyVENTURAAPN073-0-213-060

Schools near 215 South Pacific Avenue

This home is within Ventura Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Cabrillo Middle School
Public6 to 8

Ventura High School
Public9 to 12

Homestead (Alternative) School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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215 South Pacific Avenue is a multi-family home for sale in Ventura, CA 93001. This property was listed for sale on April 24, 2024 by Beachside Partners, it's currently listed at $1,049,000. It has been on the market for a total of 12 days and was last sold on February 1, 2022. This listing's school district is Ventura Unified School District. Nearby schools include Lincoln Elementary School, Cabrillo Middle School and Ventura High School. 215 South Pacific Avenue is a 0-bed, 0-bath, multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Beachside Partners, Nicholas Henry, DRE #01748131; Beachside Partners, Jason Liehr, DRE #02152826

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.